Business Recorder

Indian economy, government finances, see mounting costs from Iran war

NEW DELHI: A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies. Now, India is increasingly counting the cost of the Iran war, which economists s…

#IndianEconomy #IranWar #MiddleEastTension

Business Recorder

India’s Tata Group units plan bond sales after year-long gap, bankers say

MUMBAI: Two of India’s Tata Group infrastructure units are set to return to the corporate bond market in the coming days, after more than 15 months, two merchant bankers said on Tuesday. Indian corporate bond yields have eased after the Reserve Ba…

#TataGroup #BondSales #IndianEconomy

Business Recorder

Copper steady as tight LME stocks counter China demand worries, Mideast tensions

SINGAPORE: Copper prices were little changed on Tuesday as support from dwindling London Metal Exchange inventories offset pressure from concerns about Middle East tensions, high oil prices and weaker Chinese import data. Benchmark three-month cop…

#CopperPrice #MiddleEastTension

Business Recorder

India’s SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loan

NEW DELHI: Indian airline SpiceJet has delayed salary payments to many of its pilots since March, internal messages seen by Reuters show, as the cash-strapped carrier said it is seeking an emergency loan under a government-backed credit scheme to …

#SpiceJet #IndianEconomy #Aviation

Business Recorder

Indian shares rise as banks gain on RBI forex swap facility

Banks led gains in Indian shares on Tuesday after the RBI detailed a concessional forex swap facility for overseas borrowings, while a pause in Israel-Iran hostilities boosted risk appetite. The benchmark Nifty 50 was up 0.36% at 23,205.2, while t…

Business Recorder

Dollar hovers around two-month high as Iran-Israel truce hangs in balance

HONG KONG: The U.S. dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this year. Iran and Israel halted at…

#MiddleEastTension #OilPrices

Business Recorder

Oil falls as investors await clarity after Iran-Israel halt attacks

SINGAPORE: Oil prices fell on Tuesday, erasing most of the previous session’s gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume …

#OilPrices #MiddleEastTension

Business Recorder

Buying returns to bourse, KSE-100 up 2,000 points

A day after intense selling pressure, buying returned to the Pakistan Stock Exchange (PSX) on Tuesday after Iran and Israel announced a halt to attacks on each other, with the benchmark KSE-100 Index gaining over 2,000 points during the opening mi…

Business Recorder

The credibility gap: how accurate are Pakistan’s budget projections?

Every year, the months leading up to June become highly charged in the world of business, media and policy. The federal budget becomes the dominant subject of discussion: industry associations lobby for concessions, businesses seek favourable tax …

#Economy #BudgetAnalysis

Business Recorder

Bilawal says PPP will try to form govt in G-B

ISLAMABAD: After the Pakistan People’s Party (PPP) emerged as the largest party in the Gilgit-Baltistan elections, PPP Chairman Bilawal Bhutto Zardari declared that his party would attempt to form a government in the region. In a post uploaded on …

#BilawalBhuttoZardari #Gilgit #GBPolls